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Suburb spotlight on: Allambie Heights
Who’s got top market share?
The value of property in Allambie Heights has increased exponentially over recent years. In fact, Corelogic data shows that the median house price has increased from $946,000 in 2013, to where it sits today at $1.5 million.
Let’s look at the top market share positions. Cunninghams sits in top spot with 13 per cent share, followed by Belle Property and McGrath both with 10 per cent. Clarke & Humel Property round out the top four with 9 per cent market share.
Of the 76 sales in the past 12 months, 95 per cent of properties sold for more than $1 million, so there’s no doubt that Allambie Heights can be a lucrative market for a savvy sales business.
The opportunity to open a business in the heart of Allambie Heights is with Ray White. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.